Y Intercept Hong Kong Ltd Increases Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Y Intercept Hong Kong Ltd lifted its stake in Wingstop Inc. (NASDAQ:WING) by 779.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,461 shares of the restaurant operator’s stock after purchasing an additional 16,361 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of Wingstop worth $5,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in shares of Wingstop in the 3rd quarter valued at approximately $36,000. Hollencrest Capital Management lifted its position in Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 35 shares during the period. Blue Trust Inc. lifted its position in Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 100 shares during the period. V Square Quantitative Management LLC lifted its position in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 37 shares during the period. Finally, R Squared Ltd purchased a new position in Wingstop during the 4th quarter valued at about $71,000.

Wingstop Trading Down 5.3 %

Shares of WING opened at $234.02 on Monday. The firm has a market cap of $6.71 billion, a PE ratio of 63.08, a P/E/G ratio of 2.27 and a beta of 1.81. The firm has a fifty day simple moving average of $288.89 and a two-hundred day simple moving average of $340.14. Wingstop Inc. has a 1-year low of $232.19 and a 1-year high of $433.86.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, March 7th. Wingstop’s dividend payout ratio (DPR) is presently 29.11%.

Wingstop announced that its board has approved a stock repurchase program on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WING. BMO Capital Markets lowered their price target on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research report on Thursday. TD Securities lowered their target price on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen lowered their price objective on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Stephens reiterated an “overweight” rating and set a $450.00 price objective on shares of Wingstop in a research note on Wednesday, February 19th. Finally, Barclays lowered their price target on Wingstop from $359.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Wingstop currently has a consensus rating of “Moderate Buy” and an average target price of $367.05.

Insider Activity at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the sale, the senior vice president now directly owns 266 shares of the company’s stock, valued at approximately $86,285.08. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by company insiders.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.